Name: Drexel Asset Management
Type: Unlicensed entities
Address(es): Suite 1202 Forever Tower
941 Jiaozhou Road
Shanghai 200060
China

4/F East Tower
Otemachi First Square, 1-5-1
Otematchi, Chiyoda-ku
Tokyo 100-0004
Japan

Level 11, Parkwest Bldg
6-12-1 Nishi-Shinjuku
Tokyo 160-0023
Japan

Level 36, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur
Malaysia
Remarks: The company was warned by The Banking and Finance Commission, Belgium, The Commission de Surveillance du Secteur Financier, Luxembourg and Malta Financial Services Authority for its unauthorised act to make unsolicited cold calls inviting persons to invest in foreign securities. The company is also on the "List of known unlicensed overseas cold callers" of The Financial Services Agency, Japan.
Add date: 30 Jul 2003
Note: Unlicensed entities often use names similar to legitimate companies to confuse investors.
Unlicensed entities

Sometimes entities appear to target Hong Kong investors whilst not having been licensed to carry out regulated activities in Hong Kong. They often adopt names similar to legitimate financial institutions to confuse investors. Alternatively, such unlicensed entities may provide financial investment trading platforms on the Internet. If you deal with a company which is not licensed by the SFC, you may not be protected by the regulatory framework enforced by the SFC.

Deal only with licensed entities and hang up on cold callers. To check whether an entity is an SFC licensee, visit our Public Register of Licensed Persons and Registered Institutions.

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